Ingersoll Rand: Growth through Innovation

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November 12, 2013

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Ingersoll Rand executives talk about the company’s strategic initiatives to accelerate innovation through new solution offerings and product improvements in order to create and deliver value to customers.

The engineering team at Ingersoll Rand is a global team. We have thousands of engineers and they're spread pretty equally today around the world, in the United States, in Europe, in Asia Pacific, and in India. We really have put engineering and technical and product management teams into the regions where we want to grow and the areas where we want to grow. So it's important that the team is really competent and capable in the technology and the engineering, but they're also real knowledgeable about the specific and local requirements that our business faces and serves ultimately.

Through our focus on engineering excellence has really committed to developing and deploying a world class product development system and making it consistent across the company so that we could actually measure and provide some framework for year over year, project over project improvement.

Steve Hagood, VP and CIO, Ingersoll Rand:

In addition to furthering our efforts to grow through innovation and emerging markets, one of the ways we really see having a common PLM solution is around our operational excellence initiative. The ability to leverage existing engineering designs and to save engineers’ time from trying to look up parts that are already existing today, to have a common repository to be able to do that just frees up their time to actually think and work on newer, innovative products for us. One of the most exciting things about this PLM program that we have is being able to leverage the talent within engineering and within IT, within our supply chain organization, much more effectively than we're able to do today.

To be able to share and collaborate around best practices, having a common tool set and common system that allows us to create parts in a standard way and then to be able to share those designs and share that learning across our different lines of business is a very exciting opportunity. So when you talk about from a talent management perspective, being able to train our engineers on a common tool and then they now have the ability to be mobile across different product lines and the tool set is not a barrier, but actually an enabler for them to become more efficient as they cross those different product lines in our company.

Paul Camuti, Senior VP, Ingersoll Rand:

Having a shared place that we can interact on designs, involve customers in the design, marketing people in the designs, our engineers, our technologists, our manufacturing people, our service people as well as our vendors. I think really what's great about the PLM system overall is that we're interacting at multi-dimensions in order to be able to focus on the value that we're delivering to the customer.

Steve Hagood, VP and CIO, Ingersoll Rand:

We really have a great belief that a common PLM solution and more broadly, common PLM processes are going to further the goal of accelerating innovation. That's really the bottom line. Ingersoll Rand today has a great focus on innovation, but really being able to accelerate that innovation and bringing new products and new solutions to our customers in a much faster, more efficient way is really what this initiative is all about.